Which of the following is NOT a purpose of property insurance?

The primary purposes of property insurance revolve around providing financial protection related to property ownership and associated liabilities. The correct answer indicates that ensuring compliance with municipal regulations is not a purpose of property insurance.

Property insurance is designed to cover losses related to physical damages to real or personal property, such as homes or businesses, which corresponds directly to protecting against risk to the insured property. It also encompasses coverage for lost income, especially for businesses, should their operations be interrupted due to covered losses, making this aspect vital for financial stability.

Additionally, property insurance often includes components that protect against personal liability, helping insured individuals handle claims for damages or injuries that occur on their premises. However, while adhering to municipal regulations is essential for property ownership, such compliance is not inherently provided or guaranteed by property insurance policies. Insurance aims to mitigate risks rather than enforce legal standards.